Lake Mendocino

Lake Mendocino

Monday, January 11, 2016

House Hunting Chronicles: Is the End in Sight? or So Many Moving Parts

Our house has been on the market forever! Okay, only five months, but it feels like forever.

The general attitude of people who have been inside our house is one of utter disbelief and confusion that it has not yet sold. The feedback from agents and potential buyers includes the valid (concerns about the neighbors to the south of us) and the strange (it's so far from the street). The neighbors have been dealt with, but I can't move the house. I think we confused people when we increased the price a few months ago. In my defense, the comparable houses were selling for much more than our asking price, and I was worried the house wasn't selling because we devalued it by asking too little.

Suddenly this last week there has been a flurry of renewed interest. In the last few days 8 new people have saved our house on Zillow and the stack of flyers posted by the For Sale sign seemed to have, forgive the pun, flown away.

The house we REALLY want was taken off the market back in July and rented. We made an offer on that house last week. They have accepted the offer, so we are in escrow for a new home. Two days later we received an offer on our current house. After a little back and forth, we accepted the offer and escrow begins today.

This MAY happen. The End may be in sight! BUT there are a lot of moving parts and many people involved. Each set of buyers has their own real estate agent, and their own mortgage people, plus inspections and disclosures and reports to wade through. Competing interests, distance, renters, and schedules all play a part. We are trying to balance feeling very excited and cautiously optimistic.

Squeeeeee!